Business & Money | Sunday 4 January, 2026 10:00 am

RTA completes 60% of Oud Maitha Road and Al Asayel Street Development Project

Dubai’s Roads and Transport Authority (RTA) announced that 60 percent of Oud Maitha Road and Al Asayel Street Development Project has been completed as part of the Sheikh Rashid Corridor Development Project. The project enhances connectivity between Al Asayel Street and Al Khail Road via Al Wasl...

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Business & Money | Saturday 3 January, 2026 5:45 am

Riyadh Cement signs natural gas conversion contract worth SAR 59.4M

Riyadh Cement Co. signed today, Jan. 1, a contract with Chengdu Design & Research Institute’s branch for the conversion to natural gas under the Liquid Fuel Displacement Program, on an engineering, procurement, and construction (EPC) contract basis.   In a Tadawul statement,...

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Business & Money | Saturday 3 January, 2026 5:33 am

Luberef, Aramco sign MoU to assess base oil plant at Jazan refinery

Saudi Aramco Base Oil Co. (Luberef) said it signed a memorandum of understanding with Saudi Aramcoto explore potential cooperation on developing a base oil production facility at the Jazan Refinery and Petrochemical Complex.   Under the MoU, the parties will assess the feasibility of ...

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Business & Money | Saturday 3 January, 2026 5:28 am

Wafrah says new product lines to start operations in January

Wafrah for Industry and Development Co. said its new spaghetti and nested nidi pasta production lines will start commercial operations in January 2026.   In a statement to Tadawul, the company said the delay in receiving and operating the lines was due to delays in the delivery of...

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Business & Money | Saturday 3 January, 2026 5:26 am

PIF assets rise to $1.

The Public Investment Fund (PIF) ranked fifth among the world’s largest sovereign wealth funds (SWFs), after its net assets amounted to $1.15 trillion, recent data from the SWF Institute showed.   PIF's assets rose by $226 billion from $925 billion by the end of December...

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Business & Money | Saturday 3 January, 2026 5:04 am

Asas Makeen receives SAR 1.65M in idle land tax invoices, plans to appeal

Asas Makeen Development and Investment Co. announced receiving three idle land tax invoices totaling SAR 1.65 million today, Jan. 1, pertaining to land plots located within the designated geographic zones of the White Land Fees System.   These amounts have been recorded as...

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Business & Money | Thursday 1 January, 2026 11:31 am

Tibbiyah inks deal to sell interest in Innovative Healthcare for SAR 52M

Arabian International Healthcare Holding Co. (Tibbiyah) signed, on Dec. 31, 2025, a conditional share purchase agreement to sell its 51% equity interest in Innovative Healthcare Holdings Ltd. for SAR 52 million, implying an equity value of SAR 101.96 million for 100% of the company. In a...

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Business & Money | Thursday 1 January, 2026 11:24 am

Over 60,000 white land fee invoices issued in Riyadh

The Ministry of Municipal, Rural Affairs and Housing, represented by the White Land and Vacant Property Fees Program, announced today, Jan., the issuance of more than 60,000 white land fee bills in the city of Riyadh.The move aligns with the directives of Crown Prince Mohammed bin Salman aimed at...

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Business & Money | Thursday 1 January, 2026 11:07 am

SABIC EGM approves transferring SAR 110.9B general reserve to retained earnings

Shareholders of Saudi Basic Industries Corporation (SABIC) approved transferring SAR 110.9 billion from the general reserve to the retained earnings account, based on the 2024 consolidated financial statements and the financials for the period ended Sept. 30, 2025. The approval was granted at...

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Business & Money | Thursday 1 January, 2026 11:05 am

Fakeeh Care delineates acquisition cost of stake in Diagnostics Elite

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) and its subsidiaries stated that the total investment cost of acquiring a 50.01% ownership stake in Diagnostics Elite Co. amounts to SAR 70 million. The former owner of the stake was Soliman Abdul-Qader Fakeeh Real Estate Co. (Fakeeh Real...

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